Marshall & Sullivan Inc. WA decreased its position in The Priceline Group Inc. (NASDAQ:PCLN) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,405 shares of the business services provider’s stock after selling 14 shares during the quarter. The Priceline Group makes up 2.3% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 20th biggest position. Marshall & Sullivan Inc. WA’s holdings in The Priceline Group were worth $2,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Well Done LLC raised its holdings in The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock worth $327,000 after purchasing an additional 2 shares in the last quarter. Wrapmanager Inc. raised its holdings in The Priceline Group by 1.1% in the first quarter. Wrapmanager Inc. now owns 268 shares of the business services provider’s stock worth $477,000 after purchasing an additional 3 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in The Priceline Group by 0.5% in the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock worth $1,154,000 after purchasing an additional 3 shares in the last quarter. LS Investment Advisors LLC raised its holdings in The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock worth $1,695,000 after purchasing an additional 4 shares in the last quarter. Finally, First National Bank of Hutchinson raised its holdings in The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock worth $857,000 after purchasing an additional 4 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

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PCLN has been the subject of a number of research reports. Morgan Stanley increased their price objective on The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Cowen and Company reiterated an “outperform” rating and issued a $2,000.00 price objective on shares of The Priceline Group in a report on Tuesday, May 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $2,300.00 price objective (up previously from $2,250.00) on shares of The Priceline Group in a report on Thursday, August 10th. Vetr upgraded The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 price objective for the company in a report on Wednesday, May 17th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $2,050.00 price objective (up previously from $1,900.00) on shares of The Priceline Group in a report on Sunday, May 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $1,924.32.

The Priceline Group Inc. (NASDAQ:PCLN) opened at 1838.57 on Friday. The firm has a 50-day moving average price of $1,904.89 and a 200 day moving average price of $1,840.08. The Priceline Group Inc. has a 12 month low of $1,402.67 and a 12 month high of $2,067.99. The stock has a market capitalization of $90.20 billion, a PE ratio of 39.05 and a beta of 1.47.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company earned $13.93 earnings per share. Equities analysts anticipate that The Priceline Group Inc. will post $74.70 earnings per share for the current year.

In other news, CEO Gillian Tans sold 122 shares of the stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total value of $237,835.34. Following the transaction, the chief executive officer now directly owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the transaction, the director now directly owns 320 shares in the company, valued at $600,288. The disclosure for this sale can be found here. Insiders sold 2,867 shares of company stock worth $5,380,180 over the last three months. Corporate insiders own 0.42% of the company’s stock.

The Priceline Group Profile

The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

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